Sedgwick to buy rival Cunningham Lindsey

Source: BUSINESS INSURANCE HOLDINGS

CADO Admin
"Sedgwick Claims Management Services Inc. has agreed to buy London-based loss adjuster and claims management firm Cunningham Lindsey Group Ltd., the firms announced on Wednesday. Details of the transaction, which is expected to close in 2018, were not disclosed. David North, Sedgwick’s president and CEO, said in an interview that the transaction significantly increases the firm’s international presence. “Cunningham Lindsey has ... gone through an amazing transformation as a company. They brought in a new leadership team at the corporate level about three years ago and they’ve done an outstanding job of getting that company in leading positions in a variety of places around the world,” he said."

Insurers’ incorrect statements to fire victims lead regulator to issue formal notice

CADO Admin
Insurers’ incorrect statements to fire victims lead regulator to issue formal notice

Notice requires insurers to make sure their staff are trained in California laws and rules
SACRAMENTO, Calif. — Insurance Commissioner Dave Jones directed the California Department of Insurance to issue a formal notice to insurers, licensed public adjusters and admitted carriers to make sure all claims adjusters assigned to wildfire claims, including those not licensed in California, are properly trained on the California Unfair Practices Act, Fair Claims Settlement Practices Regulations, and all laws relating to property and casualty insurance claims handling.

Hurricane Irma recovery slowed by shortages of insurance adjusters, contractors

Source: sun-sentinel.com

CADO Admin

"Much of the post-Irma frustration stemmed from dealing with catastrophe adjusters quickly trained and supervised under the governor’s Sept. 4 emergency authorization allowing suspension of normal credentialing requirements, Dominguez said.

One such adjuster was dispatched to an English-speaker’s home despite not knowing how to speak English, Dominguez said.

After Hurricane Harvey, “the cream of the crop” of independent insurance adjusters headed to Texas to work for insurance companies there, Papy said. Then, when Irma looked likely to strike Florida, insurers here were forced to compete to secure services from adjusters who didn’t go to Texas." (from the article)


From fire to floods, recent natural disasters highlight the need for uniform claims adjustor licensing

Source: The Hill

CADO Admin
"As the nation continues to recover from the damage caused by hurricanes, floods and fires from coast to coast, we are reminded yet again that unforeseen, life-changing disasters can strike at any time. After the initial chaos subsides, it’s only natural that those affected would want to move quickly to start rebuilding their lives. For many, the first step is a call to the insurance company, who should be able to resolve claims promptly, offering timely financial assistance when it’s needed most. But unfortunately, a complicated patchwork of state laws governing claims adjusters provides exactly the opposite: an inefficient, time-consuming, and expensive process that fails to serve the needs of consumers in the wake of a...

Addendum to the NFIP Adjuster Claims Manual — Special Adjustment Issues: Fiberboard Sheathing/Blackboard

WYO Bulletin w-17065

Roy

On October 13, 2017, the National Flood Insurance Program (NFIP) updated the NFIP Adjuster Claims Manual by adding an addendum providing additional guidance on special adjustment issues surrounding perimeter wall sheathing. The addendum expands upon and replaces existing guidance found at Paragraph P of Section VIII of the NFIP Adjuster Claims Manual.


Hurricane Nate makes landfall as a Category 1 storm -- live updates

Source: cbsnews.com

CADO Admin
9:22 p.m.: Storm surge could reach 11 feet in some areas Hurricane Nate made its first landfall on the Louisiana coast and is expected to make landfall around midnight on the Mississippi coast, CBS News weather producer David Parkinson reports. Storm surge will be a real threat from Pensacola Beach through Dauphin Island and along the entire Mississippi Gulf Coast. Surge of 7 to 11 feet is expected from Waveland, Mississippi to the state's border with Alabama, and surge of 6 to 9 feet is expected in Mobile Bay.   In terms of New Orleans, while it is possible power goes out, the city is on the weaker side of the storm so even if they get 3 inches of rain, there shouldn't be widespread flooding. Major surge isn't expected...

These guys chase catastrophes wherever they strike — and find a warm welcome

Source: miamiherald.com

CADO Admin

Tornados are the worst. Neighborhoods reduced to a lone chimney or toilet. People searching for any shred of proof – a photograph, a vase – that their homes existed.

Ice storms are treacherous. Roof inspections require Everest-type boots – and nerve.

Hail storms leave houses pocked “as if they’ve been attacked with a shotgun,” explained Jordan Wilson, who has examined the aftermath of many. In his Indiana accent, Eric Kline pronounces “hail” as “hell,” and that’s exactly where he’s been, and back.

Then there are hurricanes.


Struggling After Irma, Islanders Lament 'Potentially Catastrophic' Hurricane Maria

CADO Admin
Struggling After Irma, Islanders Lament 'Potentially Catastrophic' Hurricane Maria  NBCNews.comStill recovering from Irma, Puerto Rico braces for Hurricane Maria  CNBCPuerto Rico Braces for 'Potentially Catastrophic' Hit by Hurricane Maria  New York TimesPuerto Rico governor: Still time to get to shelters before Hurricane Maria  CNNHurricane Harvey, Irma, Jose and now Maria. Americans brace for new danger  The San Diego Union-TribuneFull coverage

Special Adjuster Fee Schedule for Claims with a Date of Loss on or after August 24, 2017, through November 30, 2017

Source: Bulletin W-17045

CADO Admin
Hurricanes Harvey and Irma caused widespread flooding in Texas, Louisiana, the U.S. Virgin Islands, Puerto Rico, Florida, and the southeast United States. Due to the catastrophic impacts of these hurricanes and the increased demand for flood insurance adjusters, the Federal Emergency Management Agency (FEMA) is increasing the amount it will pay to adjust flood insurance claims. The entire insurance industry is searching for qualified individuals to join the ranks of claims adjusters to handle losses from Harvey, Irma, and future events. FEMA recognizes the specialized knowledge required to properly adjust NFIP losses. Adjusters must know the differences between the Standard Flood Insurance Policy (SFIP) and private industry property...

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